The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc. (Click the icon to view the information.) What is the net total of relevant costs on January 2, year 2? A. $160,100 B. $24,100 OC. $7,100 D. $143,100

The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc. (Click the icon to view the information.) What is the net total of relevant costs on January 2, year 2? A. $160,100 B. $24,100 OC. $7,100 D. $143,100

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter25: Departmental Accounting

Section: Chapter Questions

Problem 4SEB: ALLOCATING OPERATING EXPENSEMILES DRIVEN Herbert Quiong owns a furniture store that offers free...

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Question

Subject: accounting

The following information pertains to the January 2, year 2 transaction replacing a print machine for Forgotten Caverns Enterprises, Inc.
(Click the icon to view the information.)
What is the net total of relevant costs on January 2, year 2?
OA. $160,100
B. $24,100
C. $7,100
D. $143,100

Data table
Net book value - old print machine
Total cost of new machine
Down payment on new machine
Sale price of old machine
Tax rate
$
17,000
$ 170,000
$
34,000
$
32,000
34%
- X

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